American Axle & Manufact. Holdings, Inc. (NYSE:AXL) insider Gregory Deveson acquired 11,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $12.76 per share, for a total transaction of $149,611.00. Following the completion of the purchase, the insider now directly owns 57,523 shares in the company, valued at approximately $733,993.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE AXL opened at $11.91 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.53. American Axle & Manufact. Holdings, Inc. has a 12 month low of $11.26 and a 12 month high of $19.63.

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American Axle & Manufact. (NYSE:AXL) last issued its quarterly earnings results on Friday, November 2nd. The auto parts company reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.27). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.78 billion. American Axle & Manufact. had a return on equity of 25.19% and a net margin of 5.62%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, research analysts forecast that American Axle & Manufact. Holdings, Inc. will post 3.57 earnings per share for the current fiscal year.

AXL has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on American Axle & Manufact. in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock. ValuEngine downgraded American Axle & Manufact. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 24th. TheStreet raised American Axle & Manufact. from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded American Axle & Manufact. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Bank of America raised American Axle & Manufact. from an “underperform” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research note on Monday, November 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. American Axle & Manufact. has an average rating of “Hold” and a consensus target price of $17.10.

A number of hedge funds and other institutional investors have recently modified their holdings of AXL. LPL Financial LLC increased its position in American Axle & Manufact. by 53.5% in the 1st quarter. LPL Financial LLC now owns 20,854 shares of the auto parts company’s stock worth $317,000 after buying an additional 7,270 shares during the period. Royal Bank of Canada increased its position in American Axle & Manufact. by 12,388.5% in the 1st quarter. Royal Bank of Canada now owns 93,164 shares of the auto parts company’s stock worth $1,418,000 after buying an additional 92,418 shares during the period. Xact Kapitalforvaltning AB increased its position in American Axle & Manufact. by 75.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 19,946 shares of the auto parts company’s stock worth $304,000 after buying an additional 8,600 shares during the period. Principal Financial Group Inc. increased its position in American Axle & Manufact. by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 769,615 shares of the auto parts company’s stock worth $11,714,000 after buying an additional 13,053 shares during the period. Finally, Bank of Montreal Can increased its position in American Axle & Manufact. by 2,246.5% in the 2nd quarter. Bank of Montreal Can now owns 226,106 shares of the auto parts company’s stock worth $3,517,000 after buying an additional 216,470 shares during the period. 98.64% of the stock is currently owned by institutional investors.

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